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Business Recorder
5 hours ago
- Business
- Business Recorder
PTI says budget will enrich elite at the cost of masses in Pakistan
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday launched a scathing attack on the recently passed Federal Budget for 2025-26, denouncing it as a 'banker's blueprint' crafted to enrich the elite at the expense of the masses. Speaking at a presser, the opposition leader in National Assembly Omar Ayub, flanked by Asad Qaiser, Gohar Ali Khan, and other senior party leaders, condemned the budget as a 'giveaway written by a banker, for his banker buddies'. 'This is not a people's budget; it's a banker's business plan,' Ayub said. 'The hybrid regime plans to borrow another Rs6,300 billion from local banks, allowing four or five bank owners to graduate from billionaires to trillionaires. Meanwhile, the nation sinks deeper into debt.' Ayub accused the government of both fiscal cruelty and political repression, warning that the prices of essential commodities such as flour, sugar, and lentils would soar under the new fiscal measures. 'They couldn't even face the opposition in Parliament. Both the finance minister and the prime minister evaded accountability.' Moreover, Ayub claimed that former MNA Ijaz Chaudhry was abducted in the dead of night, while former Prime Minister Imran Khan and his wife Bushra Bibi remain in jail as hostages of political vendetta. He said several senior PTI leaders including Shah Mehmood Qureshi, Omar Cheema, Hassaan Niazi, and Yasmin Rashid and others were imprisoned without bail. However, Asad Qaiser accused the government of reducing Parliament to a rubber stamp. MNA Sanaullah Mastikhel criticising the powerful energy lobbies, alleged that Independent Power Producers (IPPs) were 'untouchable profiteers' who have plundered the nation for decades under successive governments. 'These IPPs have become a cartel, bleeding the country dry through inflated capacity payments and ironclad contracts. They get paid whether they produce electricity or not while the average Pakistani is left in the dark, both literally and financially.' Masti accused the government of shielding these corporate giants while the public suffers from rolling blackouts and sky-high electricity bills. 'Every time the people tighten their belts, these energy barons loosen theirs. And now, with this budget, the same crooks are getting even more incentives. It is daylight robbery, institutionalised.' He demanded an open audit of all IPP contracts and called for a complete overhaul of the power sector. Copyright Business Recorder, 2025
The Star
8 hours ago
- The Star
Businessman conned of nearly RM1mil in tender scam
KUALA TERENGGANU: A businessman lost RM932,300 after falling victim to a syndicate offering tenders for a purported procurement project of a college in Kemaman district. Kuala Terengganu district police chief ACP Azli Mohd Noor said the 52-year-old victim received a WhatsApp message on May 28 from a man claiming to be a representative of the college. He said the suspect had offered the victim a closed tender to supply and deliver portable generator sets. "The victim made deposit payments totalling RM932,300 into two different bank accounts using both company funds and personal savings. "However, upon checking with the college, the victim discovered that no such tender had been offered, as claimed by the suspect," he said in a statement on Saturday (June 28). Azli said the victim lodged a police report at 11.53pm on Friday (June 27), and the case is being investigated under Section 420 of the Penal Code. - Bernama
The Sun
8 hours ago
- The Sun
Businessman loses RM932,300 in college tender scam in Kemaman
KUALA TERENGGANU: A 52-year-old businessman lost RM932,300 after being deceived by a syndicate offering a fake tender for a college procurement project in Kemaman. Kuala Terengganu district police chief ACP Azli Mohd Noor said the victim received a WhatsApp message on May 28 from a man posing as a college representative. The suspect offered a closed tender to supply portable generator sets. 'The victim transferred RM932,300 into two bank accounts using company funds and personal savings. Later, he found out the college had no such tender,' Azli said in a statement. The victim lodged a police report late last night, and the case is being investigated under Section 420 of the Penal Code for cheating.
New Straits Times
8 hours ago
- New Straits Times
Businessman conned of nearly RM1mil in tender scam
KUALA TERENGGANU: A businessman lost RM932,300 after falling victim to a syndicate offering tenders for a purported procurement project of a college in Kemaman district. Kuala Terengganu district police chief ACP Azli Mohd Noor said the 52-year-old victim received a WhatsApp message on May 28 from a man claiming to be a representative of the college. He said the suspect had offered the victim a closed tender to supply and deliver portable generator sets. "The victim made deposit payments totalling RM932,300 into two different bank accounts using both company funds and personal savings. "However, upon checking with the college, the victim discovered that no such tender had been offered, as claimed by the suspect," he said in a statement today. Azli said the victim lodged a police report at 11.53 pm yesterday, and the case is being investigated under Section 420 of the Penal Code. – BERNAMA
Barnama
9 hours ago
- Barnama
Businessman Conned Of Nearly RM1 Mln In Tender Scam
CRIME & COURTS KUALA TERENGGANU, June 28 (Bernama) -- A businessman lost RM932,300 after falling victim to a syndicate offering tenders for a purported procurement project of a college in Kemaman district. Kuala Terengganu district police chief ACP Azli Mohd Noor said the 52-year-old victim received a WhatsApp message on May 28 from a man claiming to be a representative of the college. He said the suspect had offered the victim a closed tender to supply and deliver portable generator sets. "The victim made deposit payments totalling RM932,300 into two different bank accounts using both company funds and personal savings. "However, upon checking with the college, the victim discovered that no such tender had been offered, as claimed by the suspect," he said in a statement today. Azli said the victim lodged a police report at 11.53 pm yesterday, and the case is being investigated under Section 420 of the Penal Code. -- BERNAMA
